Enpro Inc. $NPO Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Enpro Inc. (NYSE:NPO) by 41.9% in the second quarter, Holdings Channel reports. The firm owned 3,953 shares of the industrial products company’s stock after buying an additional 1,168 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Enpro were worth $757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maseco LLP acquired a new stake in shares of Enpro during the 2nd quarter worth about $36,000. UMB Bank n.a. increased its position in shares of Enpro by 57.7% during the 2nd quarter. UMB Bank n.a. now owns 328 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 120 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 242 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Enpro during the 1st quarter worth about $115,000. Finally, Farther Finance Advisors LLC increased its position in shares of Enpro by 205.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 910 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 612 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of Enpro stock opened at $228.80 on Monday. Enpro Inc. has a one year low of $133.50 and a one year high of $234.95. The company has a market cap of $4.82 billion, a PE ratio of 57.20, a P/E/G ratio of 2.29 and a beta of 1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49. The business has a 50-day simple moving average of $223.40 and a 200-day simple moving average of $196.53.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.05). Enpro had a return on equity of 10.49% and a net margin of 7.83%.The company had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. During the same period in the prior year, the firm posted $2.08 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Enpro has set its FY 2025 guidance at 7.600-8.10 EPS. On average, equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Enpro’s dividend payout ratio is 31.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on NPO shares. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research report on Sunday, August 3rd. Zacks Research downgraded Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. KeyCorp lifted their target price on Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Oppenheimer lifted their target price on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enpro in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.00.

Insider Transactions at Enpro

In related news, EVP Robert Savage Mclean sold 2,541 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $223.77, for a total value of $568,599.57. Following the completion of the transaction, the executive vice president directly owned 29,116 shares of the company’s stock, valued at $6,515,287.32. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Enpro Profile

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.